US incomes grew by a record 21% this spring

Plus, how to give your mom $5K this Mother’s Day

May 07, 2021 | Current events | The economy
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Spending spring has sprung

Stimulus checks fueled a record surge of 21.1% in US household income in March — the largest monthly increase on record since 1959 — and spending rose 4.2%. Federal relief payments accounted for nearly $4 trillion of the overall (seasonally adjusted) bump of $4.2 trillion. How are Americans spending...

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